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Below is a quick negotiation with an operator I had a week ago. I’m closing on this property 10/25/24. Purchase price: 400k Rehab 10k or so (almost turnkey. There’s a few things we’re doing to help him maximize bed count). $5,500 rent for 5 years. He handles all utilities and maintenance. He’s a great operator and pays his rent on time every month with our other property. So that makes 2 properties with this operator. Total purchase price for these 2 buildings: $685,000 Total rehab: 50k Combined rent: 11,500. All with no vacancy or maintenance. The deals are solid. However, it’s good for you all to see that we are more than a landlord. We make this VERY EASY for the operators. We take on a lot of risk upfront, in hopes they run a good house and we both win long term.

1. Central CT— closes end of October Purchase price—275k Buildout—90k Lease—$5,500 Term—5 years 2. Western MA—closes 10/25/24 Purchase price—400k Buildout— less than 15k Lease $5,500 Term—5 years